BMW 2009 Annual Report Download - page 30

28
12 Group Management Report
12 A Review of the Financial Year
14 General Economic Environment
18 Review of Operations
42
BMW Group – Capital Market
Activities
45 Disclosures pursuant to § 289 (4)
and § 315 (4) HGB
48 Financial Analysis
48 Internal Management System
50 Earnings Performance
52 Financial Position
54 Net Assets Position
56 Subsequent Events Report
56 Value Added Statement
58 Key Performance Figures
59 Comments on BMW AG
63 Internal Control System
64 Risk Management
70 Outlook
The result is extremely positive and once again we were
nominated as one of the most attractive employers in
2009. This conclusion is based on numerous studies and
ranking tables (including Trendence and Universum). Ac-
cording to these, young academics studying in the fields
of economics and engineering sciences voted us among
the most popular employers. We were the highest placed
German company in Universum’s worldwide ranking
table, coming fourth in the list selected by engineers.
This is a further confirmation of our excellent reputation
amongst
students and young people about to embark on
careers.
Encouraging women to join our company
Women are still under-represented at BMW AG, whether
as apprentices (23.0 %), works students, employees
working towards diplomas and doctorates (27.8 %) or in
management positions (8.0 %). Nevertheless, the number
of women in management positions at BMW AG is 52 %
higher than it was six years ago. The total proportion of
women working for BMW AG currently stands at 13.1 %.
Our aim is to encourage more women to join the company
and support them on their way from the training stage
into management positions. We therefore make a point of
increasing the opportunities for women with the aid of
various mentoring programmes and internal networks.
Safety at work in line with international standards
A safe working environment is one of the basic precon-
ditions
for a healthy workforce. Health and safety-at-work
management systems that comply with international
standards are in place at twelve of our 24 production sites.
Similar systems that comply with national standards are
in place at a further four sites. Approximately 80 % of our
employees are in workplaces covered by certified man-
agement systems. More locations will follow suit in 2010.
The accident rate for the BMW Group in 2009 was 3.1
ac-
cidents per one million working hours (2008: 2.7), again
lower than the average for the sector as a whole.
“Today for Tomorrow” project – seeing
demographic change as an opportunity
The BMW Group is consciously preparing itself for the com-
ing
changes in age structure, particularly in industrialised
countries. Maintaining and furthering the performance
of our employees is seen as a crucial factor for success.
With its holistic approach and emphasis on preventative
measures, our “Today for Tomorrow” project is intended to
create the conditions necessary for maintaining a stable,
productive workforce in the future.
Designing competitive remuneration systems
Maintaining a competitive level of personnel costs plays a
major role in the success of the BMW Group. This is not
simply a one-sided matter of focusing on cost; it is equally
important
to achieve greater efficiency by improving pro-
ductivity. The high degree of motivation amongst employees
and the positive corporate approach towards staff are
maintained and underlined by a combination of rewards
determined individually on the basis of performance and
success. Flexible and individually designed working time
models represent a further important aspect. Remunera-
tion, working time rules and other benefits are reviewed
regularly and, when necessary, adjusted in close coopera-
tion with employee representatives.
Commitment to the new understanding of
management leadership
Implementing the Strategy Number ONE also places new
demands on our approach to leadership within the organi-
sation. A key task for managers is to make staff aware that
changes are omnipresent and that management must deal
Employee fluctuation ratio BMW AG1
as a percentage of workforce
7.0
6.0
5.0
4.0
3.0
2.0
1.0
05 06 07 08 09
2.45 2.68 2.66 5.85
2 4.59
1 Number of employees on unlimited employment contracts leaving the company
2 after implementation of previously reported measures to reduce the size of the
workforce
Share of women in management positions at BMW AG
in %
9.0
8.0
7.0
6.0
5.0
4.0
3.0
05 06 07 08 09
6.9 7.0 7.4 7.8 8.0